As the problems for PT Waskita Beton Precast Tbk (WSBP) was getting worse, the shareholders decided to take a different route. We all know that towards the end of 2023, the subsidiary of PT Waskita Karya (Persero) Tbk (WSKT) is being sued by one of its creditors, PT Bank DKI. At the heart of the dispute is the decision to settle debts through Mandatory Convertible Bonds (OWK) which, supposedly, was not approved by Bank DKI. In early 2024, Bank DKI withdrew this lawsuit, only to file a new lawsuit in a different district court. Not long ago, we learned that Bank DKI won the lawsuit, and this is why the dispute continues. WSBP immediately appealed the decision while the shareholders recently submitted a formal complaint against the Panel of Judges to the Judicial Commission (KY).To subscribe please click here
